ROKU secures the exclusive multi-year rights to broadcast Major League Baseball's Sunday Leadoff live games.
Roku has transitioned from a hardware-focused company to a platform-centric powerhouse. The stock is currently more than 88% below its peak price from three years ago.
In the most recent trading session, Roku (ROKU) closed at $57.97, indicating a -0.26% shift from the previous trading day.
Roku continues to grow its audience despite a share price that has fallen in five of the last six months. Max increasing its rates this week and the Paramount Global bidding war bode well for Roku's business model.
Roku is well-positioned to benefit from the rise of streaming entertainment and digital advertising. With a fixed-cost business model, higher revenue should eventually lead to positive earnings.
Zacks.com users have recently been watching Roku (ROKU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Roku shares have responded poorly to red flags in recent quarterly reports. The company only recently achieved enough scale and figured out how to drive sustained profitability.
In the closing of the recent trading day, Roku (ROKU) stood at $57.40, denoting a +0.14% change from the preceding trading day.
Roku's stock price has dropped nearly 40% this year despite positive Q1 earnings results that featured an acceleration in revenue. The company reported strong sales of its latest Roku Pro models. At the same time, it's also expanding its streaming distribution, having signed up many customers for Peacock during the Super Bowl.
Roku, Inc. reported strong growth in streaming households and streaming hours, but ARPU remains flat. The streaming market still has significant growth potential as cord-cutting continues and cable TV subscribers decline. Roku stock trades below 2x EV/S targets for an exceptionally cheap valuation.
The cost rationalization in the streaming industry could be ending soon. Roku is still seeing solid growth in users and streaming hours.
Roku (ROKU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.